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$ 1,600,000
Est. payment | /mo
0.86 Acres Lot
$ 1,600,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 24056680
Year Built 1973
Annual Tax Amount $16,700
Tax Year 2023
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 0 X 0
Property Sub-Type Multi-Family
Property Description
This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping.
Location
State MI
County Kalamazoo
Area Parchment (39025)
Interior
Heating Baseboard, Hot Water
Exterior
Exterior Feature Vinyl Siding
Building
Structure Type Vinyl Siding
Schools
School District Parchment School District
Others
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams GR East
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